The hydrogen generation takes place in a device, the “TIB” which, as an example, can be combined with an internal combustion engine using the waste heat from the engine to allow the conversion of water into hydrogen and oxygen. The hydrogen produced by the TIB might then be either stored or used again as fuel for the engine, thus reducing or even replacing the need of fossil fuel as well as reducing CO2 and NOx emissions. With the huge number of combustion engines that are globally produced, the interest of these industries in this solution is expected to be more than significant. In order to cope with such interest, the Company has concluded that instead of building up its own production facilities and sell completed TIB units to e.g. engine manufacturers or system integrators, time-to-market is essential. In that way integrating the TIB technology into the experience and special requirements of specific applications such as e.g., engine builders, would be a more optimal path to success.
TIB-TEC’s purpose is to actively and decisively support society’s existential combat of climate change as well as realising commercial benefits from its achievements for the Company’s shareholders.
TIB-TEC’s vision is to become a leader in the energy transition by implementing the Company’s Technology in selected Application Areas, thereby decarbonising the global energy market.
TIB-TEC AG is the Patent Operator and Master Licensor for the Company Technology – protecting our IP and inventions/patents. Carefully select our Development and Commercialisation Partners to be our Global Licensees (‘GL’) for each area of our Application Areas
Target 2 Focus Application Areas for now, with best ESG & fastest time to market (Trucks/Busses & Stationary Power Generation). Maintain evergreen tiered approach for Application Areas. Develop 1 strategic collaboration partner as GL for each Tier-1 Application Area during 2022 & 2023.
Ensure TIB-TEC executive drive Global Licensee selection & deal-making. Do not get involved with Sub-Licensee selection and/or management (accountability will be with Global Licensees).
In many industries, green Hydrogen is the best solution for decarbonising the energy supply. Our TIB can thus make a substantial difference to CO2 emissions in the heavier polluting applications such as power generation and shipping.
TIB combines, electromagnetic, chemical, physical and thermodynamic effects in a unique way, resulting in in-situ splitting of water into oxygen (O2) and hydrogen (H2). The process needs an adequate water supply along with much lower amounts of thermal energy than previously known methods. This method of hydrogen production classifies as Green Hydrogen given no additional CO2 emissions are created.